Power Over Ethernet Solutions Market by Type (PSE Controllers & ICs, PD Controllers & ICs) Global Forecast
The power over Ethernet (PoE) solutions market was valued at USD
451.1 Million in 2015 and is estimated to reach USD 1,048.3 Million by 2022, at
a CAGR of 12.56% during the forecast period. The base year used for this study
is 2015, and the forecast period considered is between 2016 and 2022.
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The scope of this report covers the power over Ethernet solutions
market on the basis of type, device type, application, vertical, and geography.
Connectivity applications accounted for the largest share of the overall power
over Ethernet solutions market. The power over Ethernet solutions market for
connectivity applications is expected to grow at a high rate between 2016 and
2022.
The benefits of VoIP phones such as low cost of communication, ease of
installation, and maintenance, among others, have led to the increase in
deployment of VoIP phones. Besides this, the growing IoT industry is fueling
the demand for wireless access points. Currently, most of the VoIP phones and
wireless access points are PoE compatible and are being powered using the PoE
technology; this factor is also driving the growth of the power over Ethernet
solutions market for connectivity applications.
The power
over Ethernet solutions market for the commercial vertical is expected to be
the fastest-growing market by 2022. The increasing demand for power over
Ethernet technology-based products from office buildings, especially for
connectivity and security & access control applications, is one of the
major factors driving the growth of the market. Besides this, the growing
popularity of the PoE technology-based lighting solutions due to their
advantages has led to the growth in the power over Ethernet solutions market
for the commercial vertical.
North
America held the largest share of the power over Ethernet solutions market in
2015. The high growth of the market in this region can be attributed to the
increasing demand for PoE controllers & ICs due to the presence of a large
number of PoE power sourcing equipment as well as powered device manufacturers
in North America.
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